The Baer Group history

In 1999, it becomes a branch office of Bank Julius Baer.

The move into brokering, however, was to turn against the group, with a collapse of the markets in 2001, and the group was forced to shut down its online operation, losing its investment.

In 2002, Baer placed the next generation of the family at its head, in the form of Raymond J. Baer, who led the company on a drive to refocus its efforts on its core private banking business.

Jim joined The Baer Group in 2006, and is responsible for North American sales.

Foundation of Julius Baer (Uruguay) S.A., Montevideo on 24 July 2007.

The 2008 credit crisis ushered in a fundamentally changed business environment, leading Julius Baer to take a rather unorthodox step.

Following the regulatory approval in September 2009, the company is merged with Julius Baer's business in Milan, thus complementing the Bank's well-established onshore business in Italy.

In August 2012, Julius Baer initiated the next phase of its growth by acquiring Merrill Lynch’s International Wealth Management (IWM) business outside the US. IWM provided a rare opportunity to substantially increase the Group’s footprint in established markets, new markets, and in growth regions.

In addition, Leumi’s Swiss private client business in Geneva and Zurich was transferred to Bank Julius Baer in March 2015.

The consolidated company trades under the name of WMPartners Wealth Management Ltd and was integrated into Julius Baer’s important existing intermediaries business at the end of 2017.

Following an additional participation of 30% announced in March 2019, today the majority participation amounts to 70%.